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Jerry Yang’s WSOP ME Bracelet being sold by IRS

Less than six years ago, Jerry Yang won the 2007 WSOP Main Event along with a life-changing $8,250,000 payout. Unfortunately, it doesn’t look like Yang made this windfall last because the Internal Revenue Service is now auctioning off his 2007 ME bracelet along with some other luxury items.

If you’re in the market for fancy jewelry, the IRS is selling off a treasure trove of Yang’s watches and bracelets that are perfect for the poker pro who aspires to be a pimp and/or rapper. Here’s a quick look at the IRS description:

Corum bracelet and Corum watch won at the 2007 World Series of Poker Main Event; Corum ladies watch; Wittnauer watches; Movado watches; Rockwell Timekeeper; Raymond Weil watch; Gold herring- bone necklace and bracelet; White gold bracelet with blue sapphires and diamonds; bracelet with “Mom” inscription; 14K man’s gold bracelet with “WSOP Champ;” Man’s gold necklace with an “A’s of Hearts” pendent with white embedded diamonds (10K); silver breast plate “Hmong” cultural jewelry.

The bidding will start at $6,389, but based on the Main Event bracelet alone, you can expect the final sale price to be much higher. It’s also worth mentioning that there is a second WSOP bracelet up for auction too, which is somewhat strange. Yang has never even come close to winning another WSOP tournament, so it’s a wonder whose hardware this is.

As for Jerry Yang, one has to question if he is broke now. Outside of his Main Event win, the Californian has had relatively little success in poker tournaments. He’s continued to play in tourneys and has accumulated around $150,000 in five and a half years. However, this likely isn’t enough to cover tournament buy-ins, travel costs, and the expensive gifts that he’s bought over the years. So all in all, it’s not extremely surprising to see Yang in trouble with his taxes.